Guideline Value for Vetriselvi Anbazagan Nagar 4th Street

Vetriselvi Anbazagan Nagar 4th Street guideline value

The current guideline value of Vetriselvi Anbazagan Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Vetriselvi Anbazagan Nagar 4th Street has changed

The guideline value for Vetriselvi Anbazagan Nagar 4th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw another increase to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that there are no figures available for this street in the 2002, 2003, and 2017 revisions.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which aligns with the current value of Vetriselvi Anbazagan Nagar 4th Street.

• Vetriselvi Anbazagan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vetriselvi Anbazagan Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vetriselvi Anbazagan Nagar 4th Street?

The Vetriselvi Anbazagan Nagar 4th Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kolathur

The guideline value plays a crucial role in property transactions in Kolathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value to ensure that they are paying the correct fees during the registration process. This value helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vetriselvi Anbazagan Nagar 4th Street?

The current guideline value of Vetriselvi Anbazagan Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 230% over these years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 covers Vetriselvi Anbazagan Nagar 4th Street.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur under the Sembiam SRO is Rs 3,300 per sq.ft, which is the same as the current value for Vetriselvi Anbazagan Nagar 4th Street.